CommSec are not the angels they'd like us to think they are. Their parent is CBA a prolific short-seller who received a massive penalty after the Royal Commission hung Commonwealth Bank's dirty washing out to dry..CommSec march to the beat of the drum of CBA's partner-in-crime Goldman Sachs..fellow GFC villain of Morgan Stanley. Best to "take CommSec's stock recommendations with a grain of salt"..i was quoted those exact same words from an experienced member of CommSec, after i exposed the conflicts-of-interest..and a heated stoush with CBA's chief-trader Paul Darwell (at the time) at a CommSec Event at CBA Head Office..A few months later CBA banned themselves from short-selling due to 'conflict of interest' as they own Australia's largest retail broking house. CBA later released themselves from the ban..just wouldn't stay away from negative-selling..and a 'wall of silence' was established between CBA & their broker CommSec. I have an email trail/record of this and my expression of disgust after they dirtied-down again after temporarily cleaned-up their act. The foxes run the hen house..Buy low & hold is the only way to chip-away at the power these creeps try to hold over us..understanding them is the key to making them pay
GXY Price at posting:
$2.88 Sentiment: Buy Disclosure: Held
